Fred Feldkamp: The End Of Off Balance Sheet LiabilitiesBelow is a comment by my friend and mentor Fred Feldkamp on the end of off-balance sheet liabilities ("OBSLs"), a key element in ending the problem of "too big to fail" with respect to the zombie banks. Fred is an attorney at Foley & Lardner i n Detroit and arguably one of the fathers of "true sales" as used in the world of residential mortgage backed securities ("RMBS"). With the changes to … Read News